The distribution of covered bonds outstanding is well balanced between several large countries with none having more than 20% of the total. German covered bonds represent 14%, and the market also consists of 24 smaller countries accounting for the remainder.
Key learning objectives:
Identify where covered bonds come from, and how the market has performed over the last two decades.
Explain the CBM features (types), and what they fund
Outline where the issuers come from, and how many